ACRES Commercial Realty: The Discount To Book Value Is Too Much

GrandviewGraphics/iStock via Getty Images ACRES Commercial Realty's (NYSE:ACR) remarkable discount to its book value remains steep even after its 50% 1-year rally. The commercial mortgage REIT last reported a GAAP book value per share of $26.65 at the end of its fiscal 2023 fourth quarter, this was a sequential increase of $1.58 per share primarily on the back of the mREIT's stock buyback program that saw its weighted average number of outstanding shares end the fourth quarter dip 2.78% year-over-year t ...